# Groundnuts and Palm oil

Their prices have moved together.

Source page: https://www.materialinsights.org/links/groundnuts-and-palm-oil/

[Groundnuts](https://www.materialinsights.org/commodities/groundnuts/) (commodity) and [Palm oil](https://www.materialinsights.org/commodities/palm_oil/) (commodity): 1 relationship.

## How they are linked

### 1. Price link: substitute oil

*Cost and price · Moderate · Both ways*

In India, groundnut oil competes with cheaper palm and soybean oils, so a palm price fall can soften groundnut demand. The traded kernel price shows little of this: monthly moves correlate at 0.14 and yearly moves at 0.34.

- **0.14** monthly change correlation
- **0.34** 12-month change correlation
- **0.43** fitted elasticity

Built from the site data on production routes, energy flows, industry value chains, input-output tables and prices.